J.P. Morgan tracks sector gains ahead of earnings

GregMorcroft

NEW YORK (MarketWatch) -- Shares of J.P. Morgan Chase & Co.
JPM, -0.72%
moved higher on Thursday morning as investors positioned themselves for the firm's first-quarter earnings report and quarterly update, which kicks off the bank earnings report season for the sector on Friday. The Dow component added about 0.4%, keeping pace with the sector-tracking Financial Select Sector SPDR ETF
XLF, -0.14%
but lagging rival Bank of America Corp.
BAC, -0.75%
Analysts polled by FactSet Research expect the firm to earn $1.14 a share, on revenue of $24.40 billion when it reports results. American Express Co.
AXP, +0.24%
and Travelers Cos. Inc.
TRV, +0.20%
also members of the Dow, were mixed, with the former gaining and the latter slipping.

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